Published on 13/07/2020 5:43:01 PM | Source: Choice Broking Pvt Ltd

Buy Silver @ 52250 SL 50900 TGT 54800 - Choice Broking

Posted in Commodities Reports| #Commodity Tips #Choice Broking

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*  On the Daily Chart, Silver (Sep) has breached above its “Upper Bollinger Band”, which confirms bullish momentum.

*  Moreover, price has closed above its “Horizontal Line Formation” which indicates power in the hands of the bulls.

*  Furthermore, prices have been trading above its “Parabolic SAR” which indicates an upward movement.

*  Also, momentum indicator RSI (14) has sustained above its 50 level, which confirms strength. Additionally, Super Trend (7,1) indicator is in a buy signal which signals bullish presence.

* Based on the above technical structure, we expect a bullish movementin Silver (Sep) towards the level 54800 in the near term.


Buy Silver (sep) @ 52250 SL 50900 TGT 54800


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